Dogecoin tumbles after Elon Musk calls it a “hustle” on ‘SNL’ show
The Hindu
Cryptocurrency enthusiasts had for days been eager to see what he would say, after his tweets this year turned the once-obscure digital currency into a speculator’s dream.
The value of dogecoin droppedsharply in early U.S. hours on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot on the Saturday Night Live comedy sketch TV show. Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show. The billionaire Tesla Inc chief executive hosted the show at 11.30 p.m. EDT on Saturday (0330 GMT on Sunday).
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